open market operation

open market operation的基本解释

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[经] 公开市场买卖

与open market operation相关的网络例句 [注：此内容来源于网络，仅供参考]

However, the study based on the analysis of open market operation indicates that the relation between open market operation and monetary aggregate is certain, but the certain relation does not exist between open market operation and interest rate, and the uncertain relation between open market operation and interest rate comes from the uncertainty of IS curve's slope.

以公开市场操作为对象，本文研究表明，公开市场操作和货币量之间确实存在确定的关系，而和利率之间的关系是不确定的；导致利率和公开市场操作关系不确定的主要原因是IS曲线的斜率是不确定的。

This paper analyses the homogenous tendency of open-end fund at first,pointing out that unperfect development of market and investors' immature investment opinions is the origin of such phenomena. Secondly,having compared the fund sizes and purchase fee rates of 25 open-end funds in China,conclude that there are problems of diseconomy of scale and indistinctive relativity between fees and achievement in Chinese open-end funds. Then this paper introduces benefit and cost function to analyze the problem of lack of motivation and constrain mechanism towards fund managers because of unreasonable fees in China. Thirdly,this paper analyze funds managers' normal hazards by static game model,and then points out fund managers have serious tunneling behaviors in Chinese open-end fund industry. In the end,this paper analyzes the causes of liquidity risk of open-end fun and the particularity of liquidity risk of open-end fund in China,and concludes that liquidity risk in Chinese open-end fund industry is higher through calculating the rates of share change and comparing the portfolio selections of top 20 open-end funds in China.

本文首先分析了我国目前存在的基金产品同质化现象，指出市场发展的不完善以及投资者投资理念的不成熟是同质化的根源所在；其次对比了我国现有的25只开放式基金的规模和申购费率，得出了我国开放式基金存在着规模效应不明显以及基金业绩与费率相关性不强的问题，并引入效益函数和成本函数分析了由于我国开放式基金费率不合理引发的基金管理者激励约束机制缺失的问题；再次，应用静态博弈模型分析了基金管理人面临的道德风险，指出目前我国开放式基金由于监管机制脆弱而存在着较为严重的管理者利益输送行为；最后，分析了开放式基金流动性风险的形成原因以及我国基金市场流动性风险的特殊性，并通过计算目前我国基金资产规模前20位的开放式基金的份额变动率以及比较它们的投资组合结构，得出了目前我国开放式基金流动性风险偏大的结论。

With a background of heated gold investment, most new passionate investors came into the market without simply understanding the gold investment. This made many investors lost their capital when first stepped into the market. In addition, many gold exchange types are specialized in enlarging guarantee sum. Compared with investment in stock market, investors who invested in types characterized in enlarging guarantee sum would likely to face more risks and challenges. Those risks could enlarge investors' one-year loss in stock market to one-day loss in gold market. Nowadays, Chinese gold market can be differentiated into material gold market, paper gold market, in-stock gold and future gold market. Because of the enlarging system in international gold market, investors may lose to the bottom in one day if he or she chose a guarantee sum dealer with an highly enlarging system. Of course, this is an ultimate example. In gold market, the type with the least risk is material gold, such as gold memorative silver coin, material piece of gold and gold brick. Material gold investment enjoyed its popularity among middle or large cities located in the middle and eastern part of China.

在黄金投资火热的背后，是大部分新入市投资者盲目的热情，由于对黄金投资缺乏了解，很多投资者入市即被套，而且很多黄金交易品种具备保证金放大效应，和在股市投资相比，投资者炒作保证金放大品种进行投资，往往需要面对高额风险，这种风险可以使投资者在股市中一年时间遭受的损失在一天内就提现出来，现在国内黄金市场主要分为实物黄金市场、纸黄金市场、黄金现货、黄金期货市场，其中国际黄金现货市场由于存在高度放大机制，如果投资者选择具备高度放大的保证金交易商，经常会出现一天内就会血本无归的情况，当然，这是极端的情况，黄金市场中，风险最小的是实物黄金，例如黄金纪念金银币、实物金条、金砖，实物黄金投资在中东部地区大中城市比较流行。

与open market operation相关的网络解释 [注：此内容来源于网络，仅供参考]

open market operation：公开市场业务

20世纪30年代以来,公开市场业务(open market operation)逐渐成为美国乃至许多西方市场经济体制国家首选的货币政策工具,其操作的传统模式是中心银行通过在金融市场上购买和出售政府债券来直接控制银行的预备金和基础货币,进而影响利率与货币供给量.

open market operation：公開市場操作

在评价美联储对金融市场的影响时,有人杜撰了"开口操作"(Open Mouth Operation)一词,意为美联储除了采取公开市场操作(Open Market Operation)影响市场外,还经常通过讲话来引导和影响市场预期,而后者的作用甚至要来得更为明显.

open market operation：公开市场买卖

open credit 开发信用证 | open market operation 公开市场买卖 | open policy 预定保险单

open market operation：公开市场操作(即央行在公开市场上买卖国债等债券)

contract紧缩boom膨胀(两者反义) | open market operation公开市场操作(即央行在公开市场上买卖国债等债券) | hyper inflation恶性通胀

open market operation：abbr. omo; 公开市场操作